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$190,000

305 Mermaid Tail, Port Aransas, TX, 78373

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size3,398 sqft

Land Information

APN6301-0005-0030
Lot Number3
Land UseVacant Lots & Tracts
Legal DescriptionPALMILLA BEACH P.U.D. UNIT 6A BLK 5 LOT 3
Census Tract006205
Assessed Land Value$224,796
Assessment Year2025

About this property

Located in the newest section of Palmilla Beach, Waters Edge, this prime homesite at 305 Mermaid Tail backs up to peaceful green space and offers close proximity to community amenities. House plans are already drawn and included, giving buyers a head start on building their dream coastal retreat. Whether you're looking for a vacation rental, investment property, or personal coastal getaway, this lot offers incredible flexibility. Enjoy easy access to Palmilla's resort-style pool, golf course, dining, shops, and beach access while building in one of the most sought-after communities on the Texas coast!

Investor Tools

$182,679Estimated Mortgage Balance
$42,117Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,349 /month
Positive
Cash Flow Estimate:
$450 /month

Interested in this property?

Karabe Baltazar

Prime Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$335/month
$570/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,890
$224,796
2025
$224,796
N/A
$224,796
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,890
$224,796

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Purchase Money Mortgage
$195,000
No
First
Dec 28, 2022
Jan 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,679
$42,117
18%
81%
$1,170/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Port Aransas

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305 Mermaid Tail | Property Details | No Agent List